Serious question - I've never used 1Password - what happens if you only ever use one device and that device becomes permanently unavailable for some reason (stolen, destroyed, etc)?
But you are absolutely correct, if you lose your device and the Emergency Kit you're SOL. It reality, though, that is mitigated by the fact that:
1. I think it's probably pretty rare to install 1P on only a single device, as the biggest benefit of any hosted password manager is syncing. I think the vast majority of people will install it at least on their phone and a laptop/PC.
2. I think the user experience for setting up the Emergency Kit is done well and most people are likely to do it.
