What could cause my 1989 yamaha 115 outboard motor’s alarm to go off and loose power?
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When alarm goes off it gets power again. Then alarm will go off again a few minutes later but motor isn’t getting hot.
check the switch box
the same problem happened to me but with a mercury 150 out board, i was loosing 3 plugs not firing cause the switch box that operates them was cutting off and the alarm was wired to the same switch box
CHECK IT OUT you should have 2 switch boxes ones cutting out setting of the alarm and cutting the power to 3 plugs

this is confusing…you said the alarm goes off and it looses power, then the alarm goes off and it gets power, then the alarm goes off and it looses power?
does it loose power or get power when the alarm goes off?
References :
check the switch box
the same problem happened to me but with a mercury 150 out board, i was loosing 3 plugs not firing cause the switch box that operates them was cutting off and the alarm was wired to the same switch box
CHECK IT OUT you should have 2 switch boxes ones cutting out setting of the alarm and cutting the power to 3 plugs
References :
Overheating warning. How do you know it’s not getting hot?
References :