From my experience - yes. Of course, if you don’t like to create your website from the beginning once again. That happened to me a couple of times and since that day I have learned one thing – Never use hosting services without any automated backup functions. It is worth its cost, because it saves your blood and tears.
More info: http://www.hostingreviewbox.com/ipage-faqs/#sthash.0KDVx7Tp.dpuf