I'm learning an article entitled "Nuclear deterrence may still have a role to play" and I find it difficult to understand a sentence:
"The price of the nuclear insurance policy is high, but not unaffordable.If a new policy was being taken out it would seem far too high, but years of investment in technology and infrastructure provide the equivalent of a "no claims bonus"
In fact I don't understand the sence of "take out" . According to the diccionary it means destroy or remove something . But in this context , as it is about a "NEW policy" it seems contradictory...
When you arrange an insurance policy, you 'take out insurance' (on your house or whatever). When you arrange a loan with your bank, you 'take out a loan'.