Dynamic Storage Allocation is a problem concerned with storing items that each have weight and time restrictions. Approximate algorithms have been constructed through online coloring of interval graphs. We present a generalization that uses online coloring of tolerance graphs. We utilize online-with-representation algorithms on tolerance graphs, which are online algorithms in which the corresponding tolerance representation of a vertex is also presented. We find linear bounds for the online-with-representation chromatic number of various classes of tolerance graphs and apply these results to a generalization of Dynamic Storage Allocation, giving us a polynomial time approximation algorithm with linear performance ratio.