Yes, storing your primers in a cool and dry environment means you don't store them where they will get flooded.
I and many others have use primers stored in their original containers, within a detached garage, subject to 115*F in the summer and cool damp winters and they performed as expected every time and they were stored for years under those conditions.
Recovering primers from a flooded basement - well, sometimes it's just best said "Houston, we have a problem".
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