Let's explore the Trezor One and a few stressful scenarios ranging from a lost device to the catastrophic failure of losing access to everything. The following are discussed:

1. Lost or damaged Trezor One
2. Lost recovery seed
3. Lost passphrase to hidden wallets (unrecoverable)
4. Double-check the recovery seed (dry-run recovery)
5. Lost multiple of the above (catastrophic)

Mentioned Documentation:

Transfers after lost passphrase: https://blog.trezor.io/what-to-do-if-your-trezor-or-recovery-seed-goes-missing-2b3912d4d053

Dry-run recovery: https://trezor.io/learn/a/test-recovery-seed-on-trezor-model-one