The issue is not wear and tear, it's that the rubber belt deteriorates with time, and a cam belt failure is usually catastrophic.
This is also a problem with tyres on cars that have very low annual milages with tyres that are not particularly worn but are old.
It's a frequent problem with caravans too, where the tyres are old but still have loads of tread on them. Take them on the motorway at 60 and yet get a serious blow-out and that's your caravan written off and your clothes all the way down the hard shoulder. Unfortunately too common each summer.
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