When the motherboard fails, everything is gone. There is no way around this.
You either accept that your data is irretrievably tied to your motherboard, or accept that your data can be viewed/modified by someone who can replace your motherboard.
No? All you need to do is install to a standard LUKS partition with a good password. Then your data is secure but not irretrievably tied to your motherboard. Granted, that's not UKI, but it's a functional solution.
Yes, TPM is just one way to access your disk. The only reason to use it is in my opinion to not have to enter a super long password on every boot. An extra key if your mobo fails is the way to go. Or if you can't boot after an update, and you don't sign your recovery OS with the same key.
You either accept that your data is irretrievably tied to your motherboard, or accept that your data can be viewed/modified by someone who can replace your motherboard.