Check the protocols you currently have in place. Be honest. A false sense of security is worse than no security at all.
Not just the cloud. A physical drive in your possession containing your tax records, IDs, and financial data.
If ransomware encrypts your drive on Tuesday, can you roll back to exactly what the drive looked like on Monday?
You do not rely on your browser to remember your passwords if you are locked out of your primary Google or Apple account.
If a fire or flood destroys your local hardware, your data is synced to an S3 bucket or encrypted cloud vault.
Your phone can be charged multiple times during a multi-day grid failure without relying on a wall outlet.