If you change just a HDD, or a motherboard, or (I think) up to about 4 other pieces of hardware, you shouldn't have a problem.
If you changed more hardware .. which amounts to basically a new PC, then you're going to need a new licence.
You're data shouldn't be toast(as such) .. it'll just be locked into that Win install for a while until you can transfer it over to another device.
Windows is only licensed for use on that machine(pre catastrophic failure).
What hardware did you change?





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