Yes, but dying goes hand in hand with losing stuff to clearlag. It's just a side effect of dying at a certain point. Like you die, and then try to find your stuff again before clearlag, but you wouldn't need to find it if you took preventative measures with what the game already offers.
Plus, it's not as if clearlag doesn't give you a warning. It's the player's responsibility for their stuff and the prevention of their own death by skills they develop.