Typically hosting plans do not allow the space to be used as an online backup.
Also troubling are these provisions in the Godaddy T&Cs.
If You have purchased Services, Go Daddy has no obligation to monitor Your use of the Services. Go Daddy reserves the right to review Your use of the Services and to cancel the Services in its sole discretion. Go Daddy reserves the right to terminate Your access to the Services at any time, without notice, for any reason whatsoever.
Go Daddy's servers and virtual dedicated services are not an archive and Go Daddy shall have no liability to You or any other person for loss, damage or destruction of any of Your content.
You shall not use the Services as a repository or instrument for placing or storing archived files