An instance's system disk goes when the instance goes. Keep data you care about on a
volume: a disk that lives on its own, which you attach to an instance and can move to
another. Take snapshots before risky changes, and let a schedule take them for you.
A snapshot records a volume at one moment. Restoring makes a new volume from it; the original volume and the snapshot stay as they were.
Snapshots are not backups
A snapshot sits on the same storage as its volume. It protects you against a change you want to
undo, not against losing that storage. Backups to separate storage are not offered yet: keep
copies of critical data elsewhere too.