The current IP of your site can be found on cPanel’s main page left-hand menu.
Dedicated IP is a must if you intend to have an SSL certificate on your site. Most hosts charge an additional fee both for the dedicated IP and the SSL certificate. With UKhost4U, you can use the free dedicated IP addresses to host the SSL certificate that comes free with every dedicated server on quarterly billing.
Dedicated IPs are especially useful if you get a large volume of traffic on your website on a daily basis and want to increase or at least maintain your site speed while accommodating so many visitors. A dedicated IP address reduces the likelihood of your site crashing under the strain of huge volumes of traffic.