It is enough to have a means to wipe out any information contained in the device, including any master secret.
At that point, there should be a means to enter a new master secret in the blank device, before proceeding to use it normally.
If a device provides this feature and it does not contain any other secret information introduced in it by the manufacturer, then it allows the owner to have any kind of backup that is desired.
I am also one of those who would never use a security device that contains any kind of secret information that is not under my control.