You can do it with one, but it is best to use two.
Say you turn the element off, and pour in some more water for what ever reason. Some water runs down the back of the pot and hits the 1 live wire. The water conducts to the pot which conducts to the liquid inside of it, travels up the pouring liquid and into the metal pot your holding.
You wonder how much you trust that GFCI and ask yourself one question: do I feel lucky? Well, do ya, punk?
Kidding about the punk, couldn't help myself. But you can see how in one instant you'll wish you had splurged for the second SSR.