Crypto is not stored in your wallet! That's incorrect and potentialy dangerous misconception. Crypto is stored on blockchain, wallets just let you access it. As long as you have seedphrase your crypto is totally safe.

Current Ledger and Metamask dramas shown that many people have not even slightest idea how any crypto wallets actually work which is scary and dangerous, cause it mean they invest in crypto without knowing even most basic things and additionaly they easily panic and spread FUD around without understanding what they even do.

So once again, crypto is on blockchain, which is (explaining like you are 5 years old) kinda invisible decentralized stuff simmilar to internet. Blockchain ain't a place and crypto is not something you can just take and close in some box. It exist on blockchain, different plane of existence, it is not just normal data you can simply copy on pendrive and access only if you have that exact pendrive. That's the whole point. Your crypto wallet, no matter if it is software wallet or hardware wallet doesn't store any crypto, wallets are just doors to the blockchain and seedphrase is a key to the doors. Number of doors is in theory infinite. If one doors broke, so for example if company that make wallet go bankrupt or if wallet try to implement KYC, if your phone broke or anything like that you just import seedphrase to new wallet on new device and you are golden.

Hard wallets like ledger or trazor do not store any crypto on themselves. They just add extra security to using your seedphrase to access crypto. If you hardware wallet broke or get destroyed nothing happen. You have seedphrase you can buy new one and everything stay the same. Hard wallet is not some pendrive, even if it look like one. Tech is totally different. Simmilar with soft wallets, like Metamask or Trust Wallet, they also do not store any crypto. Crypto is always on blockchain and only you by messing up by approving some evil transaction or sending to wrong adresss can lose it. All wallets technically can't be hacked and are 100% safe, only weak element are the owners that can be hacked and lose access to crypto if they store seedphrase on electronic device or get scammed and gave up access willingly.

Remember that only situation when you don't have full control over you crypto is if you use centralized exchange. CEXes still store crypto on blockchain ofc, but you don't have their seedphrase. What you see on your CEX account is basically just promise from them that you own your crypto and it is in exchange's wallet, but all transactions on exchange are off chain unless you send crypto from exchange to your "wallet".