If we assume that the events are largely uncorrelated+ then we are multiplying the probabilities and our chance of wipe out are far lower.
+I would suggest that for situations where the probability of my machine and github's/bitbucket's servers being down due to the same event would be events of such magnitude that I would not be worried about my project anymore being more focused on basic survival...
What's the odds of the server with your repo and your own hard drive crashing at the same time?