What computer operating system is involved?
This is a known issue with Premiere Elements 13/13.1 and No Disc error. The Adobe solution is deleting or disabling the file named OldFilm.AEX.
In Windows 7, 8, 8.1, or 10 64 bit, the file is found
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 review and consider, and then let us know if that worked for you as it has for many others.
Thank you for such a quick and accurate response !!!!! The solution worked and I am now able to open the application without any errors being reported. I am running Microsoft Windows 10 on a Dell XPS8500 computer.
Thanks for the follow up with the great news that the suggested solution got rid of the No Disk error in your 13/13.1. You did well in sorting through the troubleshooting to gain your success.
Please do not hesitate to ask you have questions or need clarification on your Premiere Elements workflows.