Verizon is offering individual subscribers the option of unlimited cloud storage in return for paying an extra $13.99 per month.

As The Verge reports, the new "Unlimited Individual" storage plan sits in between Verizon's existing 600GB plan for $5.99 per month and the Unlimited Group plan (five users, unlimited devices and storage) for $19.99 per month.

There are a few caveats and limits to keep in mind before signing up for unlimited storage. First up, this Unlimited Individual plan is limited to a single user, one phone, and multiple computers and tablets.

There's a limit of 50GB of data uploads per day, and if you upload more than 500GB in a month, your daily upload limit will be reduced to 10GB for the remainder of that month. The maximum individual file size Verizon allows you to upload is 10GB.

The types of content supported include photos, videos, documents, and music. Contacts, text messages, and call logs will also be stored using the sync option, but can't be transferred manually. And obviously, Verizon reserves the right to remove content that violates the law.

Wireless carriers don't have the best track record when it comes to using the word "unlimited" in their product naming and marketing, because there are always limits. In this case, the limit seems to be roughly 700GB of data uploaded per month if you max out the daily upload limits Verizon has imposed.