diff --git a/doc/compatibility-policy.rst b/doc/compatibility-policy.rst
new file mode 100644
index 000000000..7dbe148d3
--- /dev/null
+++ b/doc/compatibility-policy.rst
@@ -0,0 +1,61 @@
+Compatibility Policy
+====================
+
+Semantic Versioning
+-------------------
+
+PyMongo's version numbers follow `semantic versioning`_: each version number
+is structured "major.minor.patch". Patch releases fix bugs, minor releases
+add features (and may fix bugs), and major releases include API changes that
+break backwards compatibility (and may add features and fix bugs).
+
+Deprecation
+-----------
+
+Before we remove a feature in a major release, PyMongo's maintainers make an
+effort to release at least one minor version that *deprecates* it. We add
+"**DEPRECATED**" to the feature's documentation, and update the code to raise a
+`DeprecationWarning`_. You can ensure your code is future-proof by running
+your code with the latest PyMongo release and looking for DeprecationWarnings.
+
+The Python interpreter silences DeprecationWarnings by default. For example,
+the following code uses the deprecated ``slave_okay`` option but does not
+raise any warning:
+
+.. code-block:: python
+
+    # "slave_okay.py"
+    from pymongo import MongoClient
+
+    client = MongoClient(slave_okay=True)
+
+To print deprecation warnings to stderr, run python with "-Wd"::
+
+  $ python -Wd slave_okay.py
+  slave_okay.py:4: DeprecationWarning: slave_okay is deprecated. Please use read_preference instead.
+    client = MongoClient(slave_okay=True)
+
+You can turn warnings into exceptions with "python -We"::
+
+  $ python -We slave_okay.py
+  Traceback (most recent call last):
+    File "slave_okay.py", line 4, in <module>
+      client = MongoClient(slave_okay=True)
+    File "/Users/emptysquare/.virtualenvs/official/mongo-python-driver/pymongo/mongo_client.py", line 373, in __init__
+      stacklevel=2)
+  DeprecationWarning: slave_okay is deprecated. Please use read_preference instead.
+
+If your own code's test suite passes with "python -We" then it uses no
+deprecated PyMongo features.
+
+.. seealso:: The Python documentation on `the warnings module`_,
+   and `the -W command line option`_.
+
+.. _semantic versioning: http://semver.org/
+
+.. _DeprecationWarning:
+  https://docs.python.org/2/library/exceptions.html#exceptions.DeprecationWarning
+
+.. _the warnings module: https://docs.python.org/2/library/warnings.html
+
+.. _the -W command line option: https://docs.python.org/2/using/cmdline.html#cmdoption-W
diff --git a/doc/index.rst b/doc/index.rst
index 471224cd5..dc409a6c1 100644
--- a/doc/index.rst
+++ b/doc/index.rst
@@ -25,6 +25,10 @@ everything you need to know to use **PyMongo**.
 :doc:`python3`
   Frequently asked questions about python 3 support.
 
+:doc:`compatibility-policy`
+  Explanation of deprecations, and how to keep pace with changes in PyMongo's
+  API.
+
 :doc:`api/index`
   The complete API documentation, organized by module.
 
@@ -83,9 +87,9 @@ Indices and tables
    tutorial
    examples/index
    faq
+   compatibility-policy
    api/index
    tools
    contributors
    changelog
    python3
-