So with all this news of Instgram terms I think a look into where we store are things is in order.
In that vain a look into Flickr is warranted again with its great privacy controls and terms like creative commons licenseing that you can chose to use and set up. Also it has great features for setting up collections and picture sets that you can share to everyone or only certain people.
As well another great reason to look into this service is that Yahoo is putting some effort and love into the service with the creation of new updated apps for iOS and Android.
Finally they are also very competitive with pricing.