I once left my umbrella in a hire car. It took me 2 weeks to realize it was missing. Turns out no one touched it and I could see it on the map, in the parking lot of the hire car company. So I showed up, and within minutes, we pinned down which car it was in. Without Airtag, I would not even remember where I could have possibly left it, after two weeks! Learnt my lesson to turn on separation alert after that.
Now I need a smaller Airtag for my sunglasses — expensive and easy to leave behind.
Needing an Airtag is like needing a case for your phone. A lot of people keep dropping their phone so they put a case on it. In 13 years of owning a smart phone, I've never dropped mine. But I don't claim that phone cases are only useful if you throw your partner's phone off the balcony after a fight.