1% of losing my stuff is very high imho, I wouldn't want to put anything actually important through such a risk.
My wife and I literally had everything we owned in 4 suitcases for a year and carryon back packs for our electronics.
We got rid of everything we owned that wouldn’t fit in four suitcases in 2022 and hopped around different cities for a year on planes. Even then, if one of our suitcases had been lost, we would have used the airline reimbursement and just gone shopping.