diff --git a/docs/changelog.md b/docs/changelog.md
index f6e8f4ddd3..7fe8ed1fad 100644
--- a/docs/changelog.md
+++ b/docs/changelog.md
@@ -1,7 +1,6 @@
 # Upgrade Guide
 
-In September 2025, Pydantic AI reached V1, which means we're committed to API stability: we will not introduce changes that break your code until V2 (if we do, you can shout at us as it's definitely a mistake).
-Once we release V2, in April 2026 at the earliest, we'll continue to provide security fixes for V1 for another 6 months minimum, so you have time to upgrade your applications.
+In September 2025, Pydantic AI reached V1, which means we're committed to API stability: we will not introduce changes that break your code until V2. For more information, review our [Version Policy](version-policy.md).
 
 ## Breaking Changes
 
diff --git a/docs/version-policy.md b/docs/version-policy.md
new file mode 100644
index 0000000000..f7dbed576a
--- /dev/null
+++ b/docs/version-policy.md
@@ -0,0 +1,29 @@
+## Version Policy
+
+We will not intentionally make breaking changes in minor releases of V1. V2 will be released in April 2026 at the earliest, 6 months after the release of V1 in September 2025.
+
+Once we release V2, we'll continue to provide security fixes for V1 for another 6 months minimum, so you have time to upgrade your applications.
+
+Functionality marked as deprecated will not be removed until V2.
+
+Of course, some apparently safe changes and bug fixes will inevitably break some users' code — obligatory link to [xkcd](https://xkcd.com/1172/).
+
+The following changes will **NOT** be considered breaking changes, and may occur in minor releases:
+
+* Bug fixes that may result in existing code breaking, provided that such code was relying on undocumented features/constructs/assumptions.
+* Adding new [message parts][pydantic_ai.messages], [stream events][pydantic_ai.messages.AgentStreamEvent], or optional fields on existing message (part) and event types. Always code defensively when consuming message parts or event streams, and use the [`ModelMessagesTypeAdapter`][pydantic_ai.messages.ModelMessagesTypeAdapter] to (de)serialize message histories.
+* Changing OpenTelemetry span attributes. Because different [observability platforms](logfire.md#using-opentelemetry) support different versions of the [OpenTelemetry Semantic Conventions for Generative AI systems](https://opentelemetry.io/docs/specs/semconv/gen-ai/), Pydantic AI lets you configure the [instrumentation version](logfire.md#configuring-data-format), but the default version may change in a minor release. Span attributes for [Pydantic Evals](evals.md) may also change as we iterate on Evals support in [Pydantic Logfire](https://logfire.pydantic.dev/docs/guides/web-ui/evals/).
+* Changing how `__repr__` behaves, even of public classes.
+
+In all cases we will aim to minimize churn and do so only when justified by the increase of quality of Pydantic AI for users.
+
+## Beta Features
+
+At Pydantic, we like to move quickly and innovate! To that end, minor releases may introduce beta features (indicated by a `beta` module) that are active works in progress. While in its beta phase, a feature's API and behaviors may not be stable, and it's very possible that changes made to the feature will not be backward-compatible. We aim to move beta features out of beta within a few months after initial release, once users have had a chance to provide feedback and test the feature in production.
+
+## Support for Python versions
+
+Pydantic will drop support for a Python version when the following conditions are met:
+
+* The Python version has reached its [expected end of life](https://devguide.python.org/versions/).
+* less than 5% of downloads of the most recent minor release are using that version.
diff --git a/mkdocs.yml b/mkdocs.yml
index 1da603eda7..5dbcc0e098 100644
--- a/mkdocs.yml
+++ b/mkdocs.yml
@@ -14,7 +14,6 @@ nav:
   - install.md
   - help.md
   - troubleshooting.md
-  - changelog.md
 
   - Documentation:
       - Core Concepts:
@@ -191,6 +190,8 @@ nav:
 
   - Project:
       - contributing.md
+      - changelog.md
+      - version-policy.md
 
 extra:
   # hide the "Made with Material for MkDocs" message
@@ -333,7 +334,6 @@ plugins:
           - install.md
           - help.md
           - troubleshooting.md
-          - changelog.md
         Concepts documentation:
           - a2a.md
           - ag-ui.md
@@ -365,11 +365,15 @@ plugins:
           - durable_execution/*.md
         MCP:
           - mcp/*.md
+        UI Event Streams:
+          - ui/*.md
         Optional:
           - testing.md
           - cli.md
           - logfire.md
           - contributing.md
+          - changelog.md
+          - version-policy.md
         Examples:
           - examples/*.md