I was burnt once when both hard disks in my Raid1 fail at the same time, unlikely but it happened. And Raid is not a backup strategy.
Even if they don't fail simultaneously, the mirror drive may fail (or even more likely) have read errors or flipped bits that will corrupt the restore or render it impossible.
Personally, I don't place much trust in any RAID configuration other than RAIDZ2 (ZFS; you can lose two drives and still recover all your data; every block is checksummed to avoid reading or restoring corrupted data).
But even ZFS can't protect you against accidental deletion, fire, theft, or earthquake.