You have exceeded your maximum sc1 storage limit of 50 TiB in this region

If you get the following error while backing up to S3:

Failed calling ec2.create_volume (region: ap-southeast-2, account: SAP 01 (922862982529), user: rali). Exception: You have exceeded your maximum sc1 storage limit of 50 TiB in this region. Please contact AWS Support to request an Elastic Block Store service limit increase. (VolumeLimitExceeded).

1. AWS will automatically increase the SC1 storage limit on your behalf, so the next backup should work.

2. If AWS did not increase your SC1 storage limit within 24 hours, please raise a ticket with AWS Support.

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