There is a known No Disc error with Premiere Elements 13/13.1. The Adobe fix is to delete the OldFilm.AEX file.
Assuming that you are working with a Windows 7, 8, 8.1, or 10 computer, the path to the file is
Local Disk C
Adobe Premiere Elements 13
and in the NewBlue folder is the OldFilm.AEX file that you delete or disable by renaming it to OldFilm.AEXOLD.
Please let us know if that worked for you as it has for others.
Splendid, your solution has corrected my problem.
Thank you again
Great news. Great job getting that Adobe solution to work for you.
Please do not hesitate to ask questions. As fellow user of Premiere Elements, glad for the opportunity to be of assistance.